Coronavirus hitting labour-intensive electronics and auto sectors hardest

China’s extended factory and transport shutdown is still seriously impacting global supply chains, with forwarders grappling with resulting cashflow constraints.
According to Taiwan-based market intelligence firm TrendForce, the coronavirus fallout has had the biggest impact on the consumer electronics and automobile industries.
“The outbreak has made a relatively high impact on the smart phone industry, because its supply chain is highly labour-intensive,” TrendForce said.
“Parts in the upstream supply chain, including passive components …

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Source: The Loadstar

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